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Property profile & analytics
OFF-MARKET
Commercial land
800 3rd St Minneapolis, MN 55415-1208
Entity Owned
8-yr Hold
Free & Clear
Property ID
US46-0448359
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1948
Lot
0.14 ac (6,098 SF)
Zoning code
B4N
APN
26-029-24-21-0001
UPID
US46-0448359
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Third North Apartments Apartment Building
-
Minneapolis Concierge Corporate Office
-
Fiercely Fit Coaching Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Chicago 3rd Stadium LP · 8 yrs held
Chicago 3rd Stadium LP
since 2017
7 recorded transactions
Zoning & alternative use
B4N · Minneapolis, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Minneapolis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Minneapolis submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$23,581
Tax year 2023
Assessed value
$816,800
Assessed 2023
Previous assessed
$751,400
+8.7% YoY
Effective rate
2.89%
On assessed value
Assessed land
$816,800
Land market value
$816,800
Total market value
$816,800
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1948
Heating
NONE
Lot
0.14 ac (6,098 SF)
Zoning code
B4N
APN
26-029-24-21-0001
UPID
US46-0448359
Jurisdiction
HENNEPIN
Zoning & alternative use
B4N · Minneapolis, MN
Zoning B4N · permitted uses
B4N · Minneapolis, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Minneapolis. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1948
Heating
NONE
Lot
0.14 ac
Current owner
From public records · entity-resolved
Chicago 3rd Stadium LP
Entity
Free & Clear · 8 yrs held
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2023
—
Marks Holding Company LLC
—
Deed
related
$100,000 · Entrebank
Sep 19, 2017
$1,088,000
Chicago 3rd Stadium LP
233 Park LLC
Grant Deed
—
Oct 14, 2016
—
Thresher Acquisition LLC
—
Deed
related
$3,608,393 · Midcountry Bk
Apr 29, 2013
—
233 Park LLC
—
Loan Modification
related
$5,836,000 · Midcountry Bank
Mar 14, 2013
$1,475,000
233 Park LLC
Ww Grainger INC
Grant Deed
$5,650,000 · Midcountry Bk Fsb
—
—
233 Park LLC
—
Loan Modification
related
$5,836,000 · Midcountry Bk
—
—
233 Park LLC
—
Loan Modification
related
$11,871,000 · Midcountry Bk
—
—
Thresher Acquisition LLC
—
Loan Modification
related
$3,608,393 · Midcountry Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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